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in philadelphia is mr. robert oakley. he is the vice president of the bakers union. mr. oakley, we appreciate your coming on very much. but i want to ask you, sir, the walkout by the bakers union may wind up in all likelihood costing 18,500 job losses, not to speak of the impact on the family. how can you do this? i don't understand it. >> well, you know, it's the way -- you're saying that that's caused by the walkout. these people are not outside because they want to be outside. they're in a situation -- this took a long time for this to happen. in the last five years -- none of which have any experience in the baking business. >> but mr. oakley, i want to ask you, did you not know, did you not know that hostess has been in bankruptcy and therefore in dire trouble? >> sure. sure. we were going through the numbers. again, they made these concessions back in '04. and when they did that, they were concerned about their jobs and they told the company, we give you this money, this should hopefully give us a future, and the company said, well, we'll put it back into the company. but they didn't. >> but
for the inner-city. oakley hunter polite reminder that fannie mae was no longer a government agency. it was supposed to be managing its own affairs. mrs. harris threatened legislation to try to restore more government control over fannie mae. hunter always a ladies man tried sending flowers to mrs. harris, and even a box of fannie mae chocolates. she sent them back. she said if she ate those chocolates should become as fat as the prophets at fannie mae. well, finally the two sides came to a compromised. the department of housing and urban development, had, would set goals for amy's financing of mortgages for poor people. if that part of the business ever fell below a certain level. oakley hunter's people figured they had snookered mrs. harris because they were promising to do only what they would have done anyway. but a president have been set. the government could impose quotas on fannie mae. now it was ronald reagan's turn. it was morning in america. peter wallison was a young whippersnapper in the treasury. surely president reagan would finish the job of getting the government co
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